2013 01 11 cmyk NA 04online.wsj.com/public/resources/documents/pageone0111.pdf · 2018-08-27 ·...
1
YELLOW ***** FRIDAY, JANUARY 11, 2013 ~ VOL. CCLXI NO. 9 WSJ.com HHHH $2.00 CONTENTS Art...................................... D6 Corporate News B2,3,5,7 Global Finance........... C3 Heard on the Street C8 In the Markets.......... C4 Media............................... B6 Opinion................... A11-13 Sports ........................... D10 Technology................... B4 Theater....................... D8,9 U.S. News................. A2-6 Weather Watch ........ B7 World News......... A7-10 DJIA 13471.22 À 80.71 0.6% NASDAQ 3121.76 À 0.5% NIKKEI 10652.64 À 0.7% STOXX 600 287.44 g 0.3% 10-YR. TREAS. g 12/32 , yield 1.894% OIL $93.82 À $0.72 GOLD $1,677.30 À $22.50 EURO $1.3269 YEN 88.78 s Copyright 2013 Dow Jones & Company. All Rights Reserved Vital Signs Wholesalers kept leaner inventories in November. The ratio of inventory to sales, which measures how many months it would take for businesses to deplete their current inventory, slipped to 1.19 from October. That was the lowest level seen since last May. The drop partly reflects a pickup in sales, which rose faster than the pace at which wholesalers restocked. Wholesalers’ ratio of inventory to sales Source: Commerce Department '09 '10 '11 '12 ’08 1.0 1.1 1.2 1.3 1.4 > S AC Capital has told em- ployees and business partners it is bracing for cli- ent withdrawals of at least $1 billion this year—nearly 17% of the money it manages for outside investors—amid intense regulatory scrutiny of alleged insider trading. A1 n American Express set plans to cut 5,400 jobs in its biggest retrenchment in a decade, as the company pares back its travel business. C1 n Nokia said sales of its new Lumia smartphones have been brisk, quelling investor con- cern that its bet on Microsoft’s software was a blunder. B1 n Bank stocks led indexes on a broad upward march, as the S&P 500 marked a five- year closing high. The Dow industrials rose 80.71 points. C4 n The FAA plans to launch a top-priority safety review of Boeing’s 787 focusing on its electrical system and quality controls in manufacturing. B1 n The epidemic of long-term unemployment, one of the most persistent challenges for the U.S. economy, is finally showing signs of easing. A2 n The Fed sent a record $88.9 billion in profits to the Treasury in 2012 as it reaped gains from programs launched to spur economic growth. A2 n Inflation in China acceler- ated in December as unusually cold winter weather pushed up food prices, potentially posing a risk to recovery. A9 n Europe’s central bank sent a strong signal that it is unlikely to cut interest rates despite economic contraction and record unemployment. A8 n Japan’s new government approved a $115.7 billion eco- nomic stimulus package and vowed to beef up ties with the nation’s central bank. A9 n BATS rushed to allay con- cerns of customers and regu- lators after disclosing that errors on its exchange went undetected for four years C1 n Private-equity investors led by Cerberus are buying Supervalu’s Albertsons stores and four of its other supermarket chains. B1, B2 n RBS’s board has held talks with British regulators over whether two key executives should quit over the bank’s alleged attempt to rig rates. C2 n Herbalife presented a de- fense of its business model, seeking to counter a hedge-fund manager’s assertion that the firm is a pyramid scheme. C1 n Crude-oil prices climbed to a 16-week high on news that Saudi Arabia, the world’s largest oil exporter, cut pro- duction in December. C4 n China’s Lenovo is looking to introduce its high-end personal computers to the U.S. consumer market. B4 n World-wide PC shipments dropped 6.4% in the fourth quarter despite the debut of Microsoft’s Windows 8. B4 n Biden will urge broad mea- sures to stem gun violence. The vice president said meetings with a range of groups this week showed growing support for tighter background checks on gun purchasers, restrictions on high-capacity clips and other moves. Biden said he would deliver his recommendations Tuesday to Obama, who has promised a quick effort to put them into practice. A1 The NRA delivered a swift rebuke, saying the adminis- tration was gearing up for an attack on gun ownership. n Bombings in Pakistan killed 115 people, including 81 who died in twin attacks on a billiards hall in a Shiite area of a southwestern city. A10 n Obama’s choice of Lew as Treasury secretary elicited lit- tle GOP opposition, but he still is likely to face grilling over tax and spending plans. A4 n Three Kurdish activists, in- cluding a founder of the mili- tant PKK, were killed in Paris in execution-style shootings. A7 n Syrian rebels battled army troops inside an air base in the north. NATO said it de- tected the launch of an un- guided ballistic missile. A10 n Afghan President Karzai met with Washington offi- cials in talks over a long-term U.S. troop presence. He meets today with Obama. A7 n A censorship row at a Chi- nese paper united activists from around the country, but officials cracked down on protests. A9 n Venezuelans celebrated the beginning of Chávez’s fourth term as president even as he remained hospitalized. A9 n Australia arrested an alleged ally of Russian arms dealer Bout on charges of trying to buy planes to move weapons. A10 n Mali’s Islamist rebels said they seized control of a central city, encroaching further on government-held territory. A10 n Sandusky’s lawyers argued that he should be given a new trial because they didn’t have enough time to prepare his child sex-abuse defense. A3 n A pastor withdrew from giv- ing the benediction at Obama’s swearing-in after a sermon of his on gays came to light. A4 n The FDA told makers of sleep drugs to lower doses because they impair activi- ties in the morning. B3 n California is predicting a surplus for its next fiscal year, due to cost cuts, tax increases and an improving economy. A6 n A Colorado judge said there is enough evidence for the sus- pect in last year’s movie the- ater killings to stand trial. A4 n Detroit received $150 mil- lion from the Kresge Founda- tion for a land-use plan. A6 n “Lincoln” led the field of Oscar nominees. Other picks for best picture included “Zero Dark Thirty” and “Argo.” B6 Business & Finance World-Wide Follow the news all day at WSJ.com TV'S SECOND SEASON ARENA MANSION SELF-PORTRAITS: Architects At Home What’s News– i i i i i i Chuck Hagel was the one Senate Republican willing to help Barack Obama when he needed it most—in July 2008, as Mr. Obama, then an Illinois senator, prepared to fight Sen. John McCain in the presidential election. Mr. Hagel, at the time a GOP senator who had already fallen out of favor with Mr. McCain and other Republican Party leaders, agreed to join Mr. Obama on a tour of Iraq and Afghani- stan, just weeks before the national conven- tions. Running against a war hero with long ex- perience in foreign policy, Mr. Obama had never visited Afghanistan and been just once to Iraq. The overseas trip was intended to bolster Mr. Obama’s foreign policy credentials and claims to bipartisanship. But through the long plane rides, cramped quarters and endless meetings, Mr. Obama came to see Mr. Hagel as a kindred spirit, as much for his beliefs as his pragmatism, said people who were there. As they relaxed in a Kuwait hotel room trading jokes and talking shop, a senior administration official said, it was obvious the two men “just kind of clicked.” Mr. Hagel’s unlikely road from Republican stalwart to apostate to nominee for Secretary of Defense begins in Vietnam and takes a sharp turn at Iraq. The son of a lumberyard worker, he grew up in Ainsworth, Neb., joined the Army’s Ninth Infantry Division and in 1968 served as an infantry sergeant in Vietnam. He returned a decorated combat veteran and over the years developed a measured skepticism to- ward war. Mr. Obama now seeks Senate approval for Mr. Hagel, 66 years old, who went on to make a fortune early in the cellphone industry before serving two six-year terms in Washington and Please turn to page A5 Hedge-fund group SAC Capital Advisors has told employees and business partners it is bracing for client withdrawals of at least $1 billion this year—nearly 17% of the money it manages for outside investors—amid intense regula- tory scrutiny of alleged insider trading, people briefed on the conversations said. A withdrawal of that size would represent a serious blow for the firm, one of the world’s most successful hedge funds for two decades, and its founder Ste- ven A. Cohen. SAC manages $14 billion in to- tal, but only around $6 billion comes from outside investors, most of the rest belonging to Mr. Cohen and SAC employees. Cli- ents have until Feb. 15 to put in a redemption request to receive money by the first quarter’s end; it is likely even SAC won’t know the precise figure that investors will ask to pull until then. However, in recent weeks the firm’s executives have been alert- ing advisers and senior employ- ees that the withdrawal requests, known as “redemptions” in the hedge-fund industry, could total $1 billion or more. At the same time, SAC’s top ranks have been reaching out to investors to gauge whether they want to keep their money with the firm or not, the people briefed said. “It is premature to speculate about redemptions,” an SAC spokesman said Thursday. “Inves- Please turn to page A6 By Dana Cimilluca, Juliet Chung and Jenny Strasburg SAC Is Bracing for Big Exodus of Funds Vice President Joe Biden said Thursday he would recommend the White House push for broad measures to stem gun violence, cit- ing growing support for tighter background checks on gun pur- chasers, restrictions on high-ca- pacity clips and other moves. But the National Rifle Associ- ation delivered a swift rebuke following a meeting with Mr. Bi- den, saying the administration was gearing up for an attack on gun ownership. Mr. Biden said he would de- liver his recommendations Tues- day to President Barack Obama, who has promised a quick effort to put them into practice. The strong opposition from the NRA, the nation’s most powerful gun- rights group, suggested propo- nents of new measures had sub- stantial work to do to build political support. “We disagreed, obviously, on important issues,’’ said James Baker, director of federal affairs for the NRA, who attended the meeting Thursday with Mr. Bi- den. In a written statement, the NRA said it was “disappointed with how little this meeting had to do with keeping our children safe and how much it had to do with an agenda to attack the Sec- ond Amendment.’’ Mr. Biden and other adminis- tration officials have met with a range of groups this week, among them medical associa- tions, victims’ rights and sports- men’s organizations, entertain- ment-industry trade groups and gun retailers, as part of an as- signment from Mr. Obama to draw up a response to the school killings last month in Newtown, Conn. Mr. Biden detailed some of his Please turn to page A4 BY COLLEEN MCCAIN NELSON AND GARY FIELDS Biden’s Gun Push Draws NRA Ire SAC’s Pie Founder Steven A. Cohen holds a large portion of SAC’s funds Outside funds $6 billion $1 billion $8 billion Possible withdrawals this year Source: WSJ reporting The Wall Street Journal Assets belonging to Cohen and SAC employees $14 billion total assets By Julian E. Barnes, Adam Entous, Sara Murray and Carol E. Lee Hagel, Obama Forged Bond Over Iraq HONOR GUARD: Afghan President Hamid Karzai, at the Pentagon, began talks on a U.S. troop presence in his country after 2014. He will discuss future military aid with President Obama at the White House Friday. A7 Alex Wong/Getty Images Japan’s Philanderers Stay Faithful To Their ‘Infidelity Phones’ i i i Cads Attracted to How Outdated Device Hides Calls, Texts; Juggling Three Girlfriends TOKYO—Over the past few years, as many people rushed to trade in their old phones for smartphones, Japan’s philander- ers have remained faithful to one particular brand: Fujitsu Ltd.’s older “F-Series” phones, which feature some attractive stealth privacy features. The aging flip- phone—nick- named the “uwaki keitai” or “infidel- ity phone”—owes its enduring pop- ularity to custom- ers who don’t be- lieve newer smartphones are as discreet at hiding their illicit romances. A Japanese blogger who goes by the name Bakanabe and writes anonymously about pick- ing up women, said he looked into buying a new device but found the privacy settings fell short of his current phone. In- stead, he opted to refurbish his battered, three-year-old Fujitsu flip-phone with a new casing and a new battery. “Women may want to check my phone for strange emails or calls when I’m not around. With Fujitsu’s ‘privacy mode,’ they can’t see that information at all,” he said in an email. “The key is to give off the impression that you’re not lock- ing your phone at all.” Fujitsu’s “pri- vacy mode” is a layer of nearly in- visible security that hides missed calls, emails and text messages from contacts designated as pri- vate. If one of those acquain- tances gets in touch, the only signal of that communication is a subtle change in the color or Please turn to page A8 BY DAISUKE WAKABAYASHI Mr. Karzai Goes to Washington Fujitsu F-03 phone Obama turns to ‘band of brothers’ to fill cabinet in new term............................................... A5 Little opposition to Lew surfaces................... A4 4G speeds not available everywhere. ©2013 AT&T Intellectual Property. Service provided by AT&T Mobility. All rights reserved. AT&T and the AT&T logo are trademarks of AT&T Intellectual Property. All other marks contained herein are the property of their respective owners. 1.866.MOBILITY – ATT.COM/NETWORK – VISIT A STORE What’s more? It’s not complicated. More is beer. The nation’s largest network. C M Y K Composite Composite MAGENTA CYAN BLACK P2JW011000-5-A00100-1--------XA CL,CN,CX,DL,DM,DX,EE,EU,FL,HO,KC,MW,NC,NE,NY,PH,PN,RM,SA,SC,SL,SW,TU,WB,WE BGN,BMT,BRX,CCA,CHR,CKP,CPD,CXT,DNV,DRG,HAW,HLD,KCS,LAG,LAT,LKD,MIA,MLJ,NMX,PAL,PHI,PVN,SEA,TDM,TUS,UTA,WOK P2JW011000-5-A00100-1--------XA
Transcript of 2013 01 11 cmyk NA 04online.wsj.com/public/resources/documents/pageone0111.pdf · 2018-08-27 ·...
YELLOW
* * * * * FRIDAY, JANUARY 11, 2013 ~ VOL. CCLXI NO. 9 WSJ.com HHHH $2 .00
CONTENTSArt...................................... D6Corporate News B2,3,5,7Global Finance........... C3Heard on the Street C8In the Markets.......... C4Media............................... B6
Opinion................... A11-13Sports........................... D10Technology................... B4Theater....................... D8,9U.S. News................. A2-6Weather Watch........ B7World News......... A7-10
DJIA 13471.22 À 80.71 0.6% NASDAQ 3121.76 À 0.5% NIKKEI 10652.64 À 0.7% STOXX600 287.44 g 0.3% 10-YR. TREAS. g 12/32 , yield 1.894% OIL $93.82 À $0.72 GOLD $1,677.30 À $22.50 EURO $1.3269 YEN 88.78
s Copyright 2013 Dow Jones & Company. All Rights Reserved
Vital Signs
Wholesalers kept leanerinventories in November.The ratio of inventory tosales, which measures howmany months it would takefor businesses to depletetheir current inventory,slipped to 1.19 from October.That was the lowest levelseen since last May. Thedrop partly reflects a pickupin sales, which rose fasterthan the pace at whichwholesalers restocked.
Wholesalers’ ratio ofinventory to sales
Source: Commerce Department
'09 '10 '11 '12’081.0
1.1
1.2
1.3
1.4
>
SAC Capital has told em-ployees and business
partners it is bracing for cli-ent withdrawals of at least$1 billion this year—nearly17% of the money it managesfor outside investors—amidintense regulatory scrutinyof alleged insider trading. A1n American Express setplans to cut 5,400 jobs in itsbiggest retrenchment in adecade, as the company paresback its travel business. C1n Nokia said sales of its newLumia smartphones have beenbrisk, quelling investor con-cern that its bet on Microsoft’ssoftware was a blunder. B1n Bank stocks led indexeson a broad upward march, asthe S&P 500 marked a five-year closing high. The Dowindustrials rose 80.71 points. C4n The FAA plans to launch atop-priority safety review ofBoeing’s 787 focusing on itselectrical system and qualitycontrols in manufacturing. B1n The epidemic of long-termunemployment, one of themost persistent challenges forthe U.S. economy, is finallyshowing signs of easing. A2n The Fed sent a record$88.9 billion in profits to theTreasury in 2012 as it reapedgains from programs launchedto spur economic growth. A2n Inflation in China acceler-ated in December as unusuallycold winter weather pushedup food prices, potentiallyposing a risk to recovery. A9n Europe’s central banksent a strong signal that it isunlikely to cut interest ratesdespite economic contractionand record unemployment. A8n Japan’s new governmentapproved a $115.7 billion eco-nomic stimulus package andvowed to beef up ties withthe nation’s central bank. A9n BATS rushed to allay con-cerns of customers and regu-lators after disclosing thaterrors on its exchange wentundetected for four years C1n Private-equity investorsled by Cerberus are buyingSupervalu’s Albertsonsstores and four of its othersupermarket chains. B1, B2n RBS’s board has held talkswith British regulators overwhether two key executivesshould quit over the bank’salleged attempt to rig rates. C2n Herbalife presented a de-fense of its business model,seeking to counter a hedge-fundmanager’s assertion that thefirm is a pyramid scheme. C1n Crude-oil prices climbedto a 16-week high on newsthat Saudi Arabia, the world’slargest oil exporter, cut pro-duction in December. C4n China’s Lenovo is lookingto introduce its high-endpersonal computers to theU.S. consumer market. B4nWorld-wide PC shipmentsdropped 6.4% in the fourthquarter despite the debut ofMicrosoft’s Windows 8. B4
n Biden will urge broad mea-sures to stem gun violence.The vice president saidmeetings with a range ofgroups this week showedgrowing support for tighterbackground checks on gunpurchasers, restrictions onhigh-capacity clips and othermoves. Biden said he woulddeliver his recommendationsTuesday to Obama, who haspromised a quick effort toput them into practice. A1The NRA delivered a swiftrebuke, saying the adminis-tration was gearing up foran attack on gun ownership.n Bombings in Pakistankilled 115 people, including 81who died in twin attacks on abilliards hall in a Shiite area ofa southwestern city. A10nObama’s choice of Lew asTreasury secretary elicited lit-tle GOP opposition, but he stillis likely to face grilling overtax and spending plans. A4nThree Kurdish activists, in-cluding a founder of themili-tant PKK, were killed in Paris inexecution-style shootings. A7n Syrian rebels battled armytroops inside an air base inthe north. NATO said it de-tected the launch of an un-guided ballistic missile. A10n Afghan President Karzaimet with Washington offi-cials in talks over a long-termU.S. troop presence. Hemeets today with Obama. A7nA censorship row at a Chi-nese paper united activists fromaround the country, but officialscracked down on protests.A9nVenezuelans celebrated thebeginning of Chávez’s fourthterm as president even as heremained hospitalized. A9nAustralia arrested an allegedally of Russian arms dealer Bouton charges of trying to buyplanes to move weapons. A10nMali’s Islamist rebels saidthey seized control of a centralcity, encroaching further ongovernment-held territory. A10n Sandusky’s lawyers arguedthat he should be given a newtrial because they didn’t haveenough time to prepare hischild sex-abuse defense. A3nA pastorwithdrew from giv-ing the benediction at Obama’sswearing-in after a sermon ofhis on gays came to light.A4n The FDA told makers ofsleep drugs to lower dosesbecause they impair activi-ties in the morning. B3nCalifornia is predicting asurplus for its next fiscal year,due to cost cuts, tax increasesand an improving economy. A6nA Colorado judge said thereis enough evidence for the sus-pect in last year’s movie the-ater killings to stand trial. A4nDetroit received $150 mil-lion from the Kresge Founda-tion for a land-use plan. A6n “Lincoln” led the field ofOscar nominees. Other picksfor best picture included “ZeroDark Thirty” and “Argo.” B6
Business&Finance World-Wide
Follow the news all day at WSJ.com
TV'S SECOND SEASON
ARENAMANSION
SELF-PORTRAITS:
ArchitectsAt Home
What’s News–i i i i i i
Chuck Hagel was the one Senate Republicanwilling to help Barack Obama when he neededit most—in July 2008, as Mr. Obama, then anIllinois senator, prepared to fight Sen. JohnMcCain in the presidential election.
Mr. Hagel, at the time a GOP senator whohad already fallen out of favor with Mr. McCainand other Republican Party leaders, agreed tojoin Mr. Obama on a tour of Iraq and Afghani-stan, just weeks before the national conven-tions. Running against a war hero with long ex-perience in foreign policy, Mr. Obama hadnever visited Afghanistan and been just once toIraq.
The overseas trip was intended to bolsterMr. Obama’s foreign policy credentials and
claims to bipartisanship. But through the longplane rides, cramped quarters and endlessmeetings, Mr. Obama came to see Mr. Hagel asa kindred spirit, as much for his beliefs as hispragmatism, said people who were there. Asthey relaxed in a Kuwait hotel room tradingjokes and talking shop, a senior administrationofficial said, it was obvious the two men “justkind of clicked.”
Mr. Hagel’s unlikely road from Republicanstalwart to apostate to nominee for Secretaryof Defense begins in Vietnam and takes a sharp
turn at Iraq. The son of a lumberyard worker,he grew up in Ainsworth, Neb., joined theArmy’s Ninth Infantry Division and in 1968served as an infantry sergeant in Vietnam. Hereturned a decorated combat veteran and overthe years developed a measured skepticism to-ward war.
Mr. Obama now seeks Senate approval forMr. Hagel, 66 years old, who went on to makea fortune early in the cellphone industry beforeserving two six-year terms in Washington and
PleaseturntopageA5
Hedge-fund group SAC CapitalAdvisors has told employees andbusiness partners it is bracing forclient withdrawals of at least $1billion this year—nearly 17% ofthe money it manages for outsideinvestors—amid intense regula-tory scrutiny of alleged insidertrading, people briefed on theconversations said.
A withdrawal of that sizewould represent a serious blowfor the firm, one of the world’smost successful hedge funds fortwo decades, and its founder Ste-ven A. Cohen.
SAC manages $14 billion in to-tal, but only around $6 billioncomes from outside investors,
most of the rest belonging to Mr.Cohen and SAC employees. Cli-ents have until Feb. 15 to put in aredemption request to receivemoney by the first quarter’s end;it is likely even SAC won’t knowthe precise figure that investorswill ask to pull until then.
However, in recent weeks thefirm’s executives have been alert-ing advisers and senior employ-ees that the withdrawal requests,known as “redemptions” in thehedge-fund industry, could total$1 billion or more. At the sametime, SAC’s top ranks have beenreaching out to investors togauge whether they want to keeptheir money with the firm or not,the people briefed said.
“It is premature to speculateabout redemptions,” an SACspokesman said Thursday. “Inves-
PleaseturntopageA6
By Dana Cimilluca,Juliet Chung
and Jenny Strasburg
SAC Is Bracing forBig Exodus of Funds
Vice President Joe Biden saidThursday he would recommendthe White House push for broadmeasures to stemgun violence, cit-ing growing support for tighterbackground checks on gun pur-chasers, restrictions on high-ca-pacity clips and other moves.
But the National Rifle Associ-ation delivered a swift rebukefollowing a meeting with Mr. Bi-den, saying the administrationwas gearing up for an attack ongun ownership.
Mr. Biden said he would de-liver his recommendations Tues-day to President Barack Obama,who has promised a quick effortto put them into practice. Thestrong opposition from the NRA,the nation’s most powerful gun-rights group, suggested propo-nents of new measures had sub-stantial work to do to buildpolitical support.
“We disagreed, obviously, onimportant issues,’’ said JamesBaker, director of federal affairsfor the NRA, who attended themeeting Thursday with Mr. Bi-den. In a written statement, theNRA said it was “disappointedwith how little this meeting hadto do with keeping our childrensafe and how much it had to dowith an agenda to attack the Sec-ond Amendment.’’
Mr. Biden and other adminis-tration officials have met with arange of groups this week,among them medical associa-tions, victims’ rights and sports-men’s organizations, entertain-ment-industry trade groups andgun retailers, as part of an as-signment from Mr. Obama todraw up a response to the schoolkillings last month in Newtown,Conn.
Mr. Biden detailed some of hisPleaseturntopageA4
BY COLLEEN MCCAIN NELSONAND GARY FIELDS
Biden’sGunPushDrawsNRA Ire
SAC’s PieFounder Steven A. Cohenholds a large portion ofSAC’s funds
Outside funds$6 billion
$1 billion
$8 billion
Possible withdrawalsthis year
Source: WSJ reporting
The Wall Street Journal
Assets belonging toCohen and SAC
employees
$14 billiontotalassets
By Julian E. Barnes, Adam Entous,SaraMurray and Carol E. Lee
Hagel, Obama Forged Bond Over Iraq
HONOR GUARD: Afghan President Hamid Karzai, at the Pentagon, began talks on a U.S. troop presence in hiscountry after 2014. He will discuss future military aid with President Obama at the White House Friday. A7
AlexWon
g/Getty
Images
Japan’s Philanderers Stay FaithfulTo Their ‘Infidelity Phones’
i i i
Cads Attracted to How Outdated DeviceHides Calls, Texts; Juggling Three Girlfriends
TOKYO—Over the past fewyears, as many people rushed totrade in their old phones forsmartphones, Japan’s philander-ers have remained faithful to oneparticular brand: Fujitsu Ltd.’solder “F-Series” phones, whichfeature some attractive stealthprivacy features.
The aging flip-p h o n e—n i c k -named the “uwakikeitai” or “infidel-ity phone”—owesits enduring pop-ularity to custom-ers who don’t be-lieve newersmartphones are as discreet athiding their illicit romances.
A Japanese blogger who goesby the name Bakanabe andwrites anonymously about pick-ing up women, said he lookedinto buying a new device butfound the privacy settings fell
short of his current phone. In-stead, he opted to refurbish hisbattered, three-year-old Fujitsuflip-phone with a new casing anda new battery.
“Women may want to checkmy phone for strange emails orcalls when I’m not around. WithFujitsu’s ‘privacy mode,’ theycan’t see that information at all,”
he said in anemail. “The key isto give off theimpression thatyou’re not lock-ing your phone atall.”
Fujitsu’s “pri-vacy mode” is alayer of nearly in-
visible security that hides missedcalls, emails and text messagesfrom contacts designated as pri-vate. If one of those acquain-tances gets in touch, the onlysignal of that communication is asubtle change in the color or
PleaseturntopageA8
BY DAISUKE WAKABAYASHI
Mr. Karzai Goes to Washington
FujitsuF-03 phone
Obama turns to ‘band of brothers’ to fillcabinet in new term............................................... A5
Little opposition to Lew surfaces................... A4
4G speeds not available everywhere. ©2013 AT&T Intellectual Property. Service provided by AT&T Mobility.All rights reserved. AT&T and the AT&T logo are trademarks of AT&T Intellectual Property. All other marks containedherein are the property of their respective owners.
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It’s not complicated.More is better.
Thenation’slargest network.
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P2JW011000-5-A00100-1--------XA CL,CN,CX,DL,DM,DX,EE,EU,FL,HO,KC,MW,NC,NE,NY,PH,PN,RM,SA,SC,SL,SW,TU,WB,WEBGN,BMT,BRX,CCA,CHR,CKP,CPD,CXT,DNV,DRG,HAW,HLD,KCS,LAG,LAT,LKD,MIA,MLJ,NMX,PAL,PHI,PVN,SEA,TDM,TUS,UTA,WOK
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